Intel (INTC) Lifted to "Buy" at Tigress Financial
- Hope Soto
Meiji Yasuda Asset Communication Limited, Japan-based fund reported 189,166 shares. Family Management Corp who had been investing in Intel Corp for a number of months, seems to be less bullish one the $247.25 billion market cap company. The stock increased 0.57% or $0.305 during the last trading session, reaching $53.355. About 1.82M shares traded or 2.31% up from the average.
Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, April 26th. INTC outperformed by 33.10% the S&P500. Adams Asset Limited Liability reported 1.12% stake.
The company's net income rose to US$4.45 billion, or 93 cents per share, in the quarter ended March 31, from US$2.96 billion, or 61 cents per share, a year earlier. JPMorgan Chase set a $53.00 price target on shares of Intel and gave the company a "buy" rating in a report on Thursday, January 4th. Intel Corporation (NASDAQ:INTC) has $247.79 billion market cap. Nisa Investment Advisors LLC now owns 1,796,286 shares of the chip maker's stock worth $58,917,000 after buying an additional 89,568 shares during the period. About 1.44 million shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 3.72% since April 28, 2017 and is downtrending. It has underperformed by 50.77% the S&P500.
Among 22 analysts covering McKesson Corporation (NYSE:MCK), 12 have Buy rating, 1 Sell and 9 Hold. Therefore 74% are positive. Paramount Group had 2 analyst reports since February 6, 2018 according to SRatingsIntel. The company was maintained on Monday, January 18 by UBS. Stifel Nicolaus downgraded the stock to "Hold" rating in Thursday, April 14 report. The stock rating was maintained by Morgan Stanley with "Equal-Weight" on Friday, April 27. (NYSE:WPX) earned "Buy" rating by Susquehanna on Wednesday, January 17. The firm has "Buy" rating by Deutsche Bank given on Thursday, July 21. Evercore upgraded the stock to "Buy" rating in Tuesday, September 6 report. The EVP - GM - Data Center Group of Intel Corp and an insider, made a sale of 1,265 shares worth $66,379 Dollars. The company was initiated on Tuesday, May 17 by CLSA. The stock of PepsiCo, Inc.
During Q4 2017 the big money sentiment decreased to 1.02. Its up 1.58, from 0.67 in 2017Q3. Connable Office Inc holds 0.41% or 45,838 shares. 79 funds opened positions while 222 raised stakes. Schwab Charles Mgmt Inc owns 279,481 shares for 0.01% of their portfolio. (NYSE:WPX). Cwm Limited Company invested in 0% or 435 shares. Gradient Invs Llc invested in 12,897 shares or 0.04% of the stock. Natixis holds 7,680 shares or 0.01% of its portfolio. Evergreen Cap Mgmt Llc has invested 0.02% in McKesson Corporation (NYSE:MCK). Hanson & Doremus Inv Mgmt invested 0.1% in Tupperware Brands Corporation (NYSE:TUP). Private Wealth Prtn Ltd Company holds 0.69% in Verizon Communications Inc. Tocqueville Asset Management LP holds 0.54% or 891,431 shares in its portfolio. Torray reported 139,043 shares. Whittier invested 0% in Tupperware Brands Corporation (NYSE:TUP).
Investors sentiment decreased to 1.04 in Q4 2017. Its down 0.09, from 0.88 in 2017Q3.
Several other hedge funds also recently made changes to their positions in INTC. Virginia Retirement Et Al has invested 0.91% in Intel Corporation (NASDAQ:INTC). Levin Capital Strategies Lp stated it has 4.97M shares. Profit Inv Management Limited Liability holds 0.37% of its portfolio in Intel Corporation (NASDAQ:INTC) for 10,514 shares. Pinnacle Limited Company reported 18,598 shares. Fort Point Capital Ptnrs Limited Company holds 13,368 shares. About 2.60 million shares traded or 5.30% up from the average. Ameriprise Financial holds 280,145 shares or 0% of its portfolio. Guinness Asset Ltd holds 113,250 shares or 1.1% of its portfolio. The Missouri-based Com Bancshares has invested 0.73% in Intel Corporation (NASDAQ:INTC). Covington Capital Management has 399,700 shares. First Trust Advsrs L P holds 151,258 shares or 0.01% of its portfolio. First Natl Bank Sioux Falls reported 1.25% in Intel Corporation (NASDAQ:INTC). Neville Rodie Shaw holds 1.41% of its portfolio in Intel Corporation (NASDAQ:INTC) for 290,348 shares. Prudential Inc stated it has 0.03% in Incyte Corporation (NASDAQ:INCY). Therefore 0 are positive. Analysts at Mizuho Reiterated the shares of ON Semiconductor Corporation to Buy when they released a research note on February 5th, 2018, but they now have set a price target of $27, which is an increase from the previous $26. Wall Street is only getting more bullish on the stock, with 25 of analysts who cover INTC having a buy-equivalent rating. Citigroup has "Neutral" rating and $36 target. On Monday, September 19 the stock rating was maintained by Robert W. Baird with "Outperform". On Thursday, January 25 the stock rating was maintained by KeyBanc Capital Markets with "Buy". Jefferies maintained the stock with "Hold" rating in Wednesday, July 5 report. (NYSE:VZ) rating on Wednesday, March 28. (NASDAQ:SEDG) on Tuesday, November 22 with "Overweight" rating.
ICC LABS INC ORDINARY SHARES (OTCMKTS:ICCLF) had a decrease of 42.03% in short interest. The chip maker reported $0.87 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.72 by $0.15.
Since October 30, 2017, it had 0 insider buys, and 13 sales for $6.18 million activity. Also, EVP Navin Shenoy sold 716 shares of the stock in a transaction dated Tuesday, January 30th. With 34.90M avg volume, 3 days are for Intel Corporation (NASDAQ:INTC)'s short sellers to cover INTC's short positions. The insider BRYANT ANDY D sold $3.99 million. $20.89M worth of stock was sold by Smith Stacy J on Monday, October 30.
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